GDP and GDP Per Capita

This short topic video looks at the difference between GDP and GDP per capita.

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[tutoru-official]

GDP is the value of all newly produced final goods and services produced in an economy within a given time period.

GDP can be analysed in terms of the output produced by different industries in the economy, or alternatively by expenditure on goods and services made by households, businesses and the government.

[averypenner]

thank you for this video! explained it very simply and was easy to understand.

[donjay]

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I watch all your videos
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[yonismo]

So in other words it stands for how rich/well off the country and its people are?

[apollo]

So GDP per Capita is income per person? I thought it was output per person. The money they decide to stock in their houses, will that be counted towards GDP per Capita?

[randomviewer]

Is it possible for GDP per capita to continue rising even if the nominal GDP observed a declining trend?

[Hello-ukxp]

I think gdp per capita is more important 👨🏾‍🦯